Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) Stock Has Consensus Price Target of $4.76

Shares of Evolution Petroleum Corporation, Inc. (NYSEAMERICAN:EPM) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $4.76.

A number of brokerages have issued reports on EPM. Zacks Research raised Evolution Petroleum from a “strong sell” rating to a “hold” rating in a research report on Friday, August 28th. Alliance Global Partners reissued a “buy” rating on shares of Evolution Petroleum in a research report on Tuesday, August 25th. Freedom Broker upgraded shares of Evolution Petroleum from a “hold” rating to a “buy” rating and set a $4.50 price target for the company in a research note on Tuesday, September 22nd. Finally, Northland Securities set a $4.25 price target on shares of Evolution Petroleum in a report on Thursday, September 17th.

Hedge Funds Weigh In On Evolution Petroleum

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Equitable Holdings Inc. bought a new position in shares of Evolution Petroleum during the second quarter valued at approximately $37,000. Chancellor Financial Group WB LP bought a new stake in shares of Evolution Petroleum in the 2nd quarter worth approximately $54,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Evolution Petroleum in the 1st quarter worth approximately $75,000. Wellington Management Group LLP lifted its holdings in shares of Evolution Petroleum by 19.6% in the 2nd quarter. Wellington Management Group LLP now owns 19,783 shares of the energy company’s stock worth $73,000 after purchasing an additional 3,236 shares during the last quarter. Finally, Ieq Capital LLC acquired a new position in Evolution Petroleum during the 2nd quarter valued at approximately $85,000. 60.07% of the stock is currently owned by institutional investors and hedge funds.

Evolution Petroleum Price Performance

Shares of Evolution Petroleum stock opened at $3.57 on Wednesday. Evolution Petroleum has a twelve month low of $3.19 and a twelve month high of $4.99. The stock has a market capitalization of $145.12 million, a P/E ratio of -44.62 and a beta of 0.42. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.94. The business’s fifty day moving average price is $3.68 and its 200 day moving average price is $4.04.

Evolution Petroleum (NYSEAMERICAN:EPM) last released its quarterly earnings data on Tuesday, November 10th. The energy company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). The company had revenue of $22.57 million during the quarter, compared to analysts’ expectations of $22.57 million. Evolution Petroleum had a negative net margin of 2.81% and a negative return on equity of 5.41%. As a group, research analysts anticipate that Evolution Petroleum will post 0.05 earnings per share for the current year.

Evolution Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $0.48 annualized dividend and a dividend yield of 13.4%. Evolution Petroleum’s payout ratio is 600.08%.

About Evolution Petroleum

Evolution Petroleum Corporation is an independent oil and natural gas company focused on acquiring, developing and optimizing mature, long-lived producing properties in the United States. The company emphasizes assets that can generate production and cash flow through enhanced oil recovery, operational improvements and reservoir management. Evolution Petroleum’s portfolio has historically included the Delhi Field in northeastern Louisiana, where carbon dioxide injection is used for tertiary oil recovery.